H&E Major Pulse "COGN: Nursing courses on hubs authorised (+/=); COGN/YD..."

研报英文原文证据摘录

H&E Major Pulse "COGN: Nursing courses on hubs authorised (+/=); COGN/YD..."

Global Research

12 May 2026ab

H&E Major Pulse Equities

Latin AmericaCOGN: Nursing courses on hubs authorised (+/

=); COGN/YDUQS/ANIM: CNE expected to Healthcare

maintain rules for pedagogy programs (=/-) Leonardo Olmos,AnalystCFA

leonardo.olmos@ubs.com

+55-11-9658 7533

Eduardo Resende

Healthcare Associate Analyst

RDOR/FLRY/SAUD/HAPV: Population aging drives healthcare demand, but cost eduardo.resende@ubs.com

pressures remain +55-11-2767 6015

Recent study shows that the share of total healthcare consumption attributable to

individuals aged 50+ is expected to increase from 35% in 2024 to 50% in 2044.

Healthcare consumption by the 50+ population, which totalled R$247bn in 2024, is

estimated to more than double by 2044 (+126%), reaching R$559bn. Over the same

period, total healthcare consumption in BZ is projected to rise by 61%. The estimate

includes healthcare products and services across the public and private sectors.

UBS's view: The article outlines a trend of increasing healthcare demand in BZ amid

population aging, with the supplementary healthcare system playing a key role in

this process. However, challenges to the system’s sustainability remain. This trend

entails higher system-wide costs due to increased utilization and greater clinical

complexity, while the cost impact of new technologies continues to intensify. As

such, more structural reforms are required in the sector, as already seen in some

pilot initiatives—particularly those involving risk-sharing arrangements, lower-

coverage health plans, new payer–provider remuneration models, data

interoperability, and related measures.

Education

COGN: MEC authorises on-site Nursing courses in 23 hubs - positive/expected